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Accenture, PepsiCo Net Surge; ConAgra, Progress Net Swing to Profit

Mukesh Buch
29 Sep, 2016
New York City

Accenture net soared 13% on 8% jump in revenues and lifted revenue forecast. Bassett Furniture net and sales fell. ConAgra net swung to profit but revenues dropped 5%. PepsiCo profit surged and lifted earnings outlook. Progress Software net swung to profit after revenues jumped.

Commerzbank Plans 9,600 Job Cuts, Deutsche Post to Buys UK Mail

Sarla Buch
29 Sep, 2016
New York City

Commerzbank plans to reduce 9,600 jobs. Deutsche Post DHL agreed to buy the UK Mail for

Cintas, Nike, Paychex, Worthington Net Surge; Actuant Net Plunges

Mukesh Buch
28 Sep, 2016
New York City

Actuant net plunged 21% on 8% decline in revenues. BlackBerry net swung to a loss after revenues plunged 32%. Cintas net soared 38%. Ferrellgas Partners net loss widened but sales jumped. Nike net and revenues soared. Paychex net rose 4%. Worthington profit double.

Inbev Nears SABMiller Merger; Clinigen, Smiths Group Net Jump

Sarla Buch
28 Sep, 2016
New York City

AA net swung to profit. Clinigen net more than doubled driven by two acquisitions. EDF said British Government confirmed to construct two nuclear reactors. Smiths Group profit soared 5%. AB Inbev won approval from its shareholders to merge SABMiller.

Ennis, SYNNEX, Thor Jump; FactSet Eases on Slowdown Worries

Mukesh Buch
27 Sep, 2016
New York City

Ennis net declined 38% and revenues plunged 9%. FactSet Research profit soared 132% on 10% jump in revenues. Neogen net and revenues advanced. SYNNEX profit surged 22%. Thor Industries net jumped 7% on 22% increase in revenues.

Card Factory, Wolseley Profit Surge; Thomas Cook Booking Drops 4%

Sarla Buch
27 Sep, 2016
New York City

Card Factory profit soared 13% on 5% jumped in revenues. Commerzbank plans to reduce 9,000 jobs and cut its dividend as the bank embarks on multi-year restructuring. Legal & General said its retirement division doubled its new business to

CBOE to Acquire BATS for $3.2 B, Pfizer will not Split

Mukesh Buch
26 Sep, 2016
New York City

BATS Global agreed to be acquired by rival CBOE for $3.2 billion. Carnival net surged 16% on 5% jump in revenues. Cal-Maine net swung to a loss after sales plunged 61%. Pfizer said it will not split at this time. Vail Resorts net loss narrowed and revenues soared 11%.

Lanxess Plans to Acquire Chemtura, Axel Increases Car&Boat Stake

Sarla Buch
26 Sep, 2016
New York City

Axel Springer agreed to acquire additional 39% stake in France based Car&Boat Media. Aryzta profit tumbled 87%. Lanxess plans to acquire the US-based rival Chemtura for $2.1 billion. Lamprell secured a new rig contract from Norway-based Jacktel.

Twitter Explores Sale as Growth Stalls, Finish Line Net Tumble

Mukesh Buch
23 Sep, 2016
New York City

AAR net tumbled 59% but revenues jumped 5%. Finish Line lifted comparable sales forecast despite profit in the second-quarter plunged 15%. Twitter surged 20% on media report that the microblogging site is exploring merger talks.

Petrobras in $5.2 B Deal with Brookfield, RWE Launches

Sarla Buch
23 Sep, 2016
New York City

Petrobras agreed to sell its 90% stake in natural gas pipeline unit to a consortium led by Canada-based Brookfield Asset Management. RWE

Bed Bath & Beyond Net Plunges, Herman Miller, Jabil Circuit Decline

Mukesh Buch
22 Sep, 2016
New York City

AutoZone net jumped 6%. Bed Bath & Beyond profit plunged 17%. Herman Miller net rose 8% on 6% increase in revenues. Jabil Circuit net plunged 57%. Red Hat profit and revenues surged. Rite Aid net tumbled 31%. Scholastic net loss narrowed after revenues soared 48%.

Maersk Separates Logistics and Energy Units; EDF Lowers Outlook

Sarla Buch
22 Sep, 2016
New York City

Maersk split its businesses into two independent divisions as the shipping company battles with severe downturn in oil industry. EDF lowered its nuclear output and profit forecast. Kier Group net swung to a loss. MDxHealth lifted annual revenue estimate. Suedzucker profit surged 56%.

Adobe, FedEx, KBH home Profit Rise; General Mills Net Falls

Mukesh Buch
21 Sep, 2016
New York City

Adobe Systems net and revenues soared. CarMax net declined 6% but sales rose. FedEx profit jumped 3%. General Mills net fell 4% on 7% decline in revenues and reaffirmed net sales growth in fiscal 2017. KBH home net soared 69%.

Santander Terminates Talks to RBS, BHP Vows to Fight Australian Tax Office

Sarla Buch
21 Sep, 2016
New York City

BHP vowed to defend $1 billion tax bill in Australia. Dise

Allergan Agrees to Acquire Tobira, Lennar Net Rises 6%

Mukesh Buch
20 Sep, 2016
New York City

Tobira Therapeutics surged seven-fold after liver treatment provider agreed to be acquired by Allergan for $1.7 billion. Ascena Retail net swung to profit on 55% jump in revenues. GM priced its all electric Chevrolet Bolt EV. Kmart may close 64 stores in the U.S. Lennar net jumped 6%.

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